How to price electrical jobs in 2026

The rates the market is paying, the formula that turns your costs into a flat rate, and benchmarks for 35 residential jobs. If you'd rather just build the book, use the builder.

What the market is paying (US, 2026)

These are homeowner-facing figures from public guides, gathered August 2026. They describe what customers are being charged, not what you should charge. Dates matter. Fixr's table is January 2025, Angi and Housecall Pro are July–August 2026.

FigureRangeSource
Residential hourly rate$75–150Joist (Aug 2026), Fuse Service (Jan 2026: national $100–150)
Hourly, by regionMidwest $70–100, South $65–95, NE/West higherFuse Service 2026
Service call / trip fee$79–200Joist, Angi Aug 2026
Service call, first hour incl.$100–200Angi Aug 2026
Journeyman vs master (NJ)$75–150 vs $100–200Malfettone 2026
Material markup30–50%, small parts 100–300%Build-Folio, Contractor Growth Network, r/electricians consensus
Overhead as % of revenue10–20% (up to ~45% SG&A for service shops)Drawer AI, Profitability Partners 2026
Target gross margin, residential service flat rate65–67%Simpro, Profitability Partners 2026
Target net margin10–20%same
Billable hours per service electrician1,200–1,500 / yearMike Holt forum benchmark
Permit fees$50–500, panel upgrade $200+PermitFlow 2026

The formula

Loaded labor cost = wage × (1 + burden%)
Overhead per hour = monthly overhead ÷ billable hours per month
Break-even rate = loaded labor cost + overhead per hour
Your hourly rate = break-even ÷ (1 − target margin)
Flat price = hours × your hourly rate + materials × (1 + markup) + trip fee (+ permit, passed through)

Worked at the builder's defaults: $38 wage × 1.25 = $47.50, and $2,800 ÷ 110 = $25.45. Break-even $72.95. ÷ 0.80 = $91.19 an hour. A ceiling fan at two hours and $20 of material: 2 × 91.19 + 20 × 1.35 = $209.38, plus an $89 trip fee = $298. The market band is $312–580. The formula is honest about your costs, and the market is telling you those costs can carry more margin.

Why “wage times two” fails

It's the most common answer on r/electricians and it skips the truck. A $38 wage doubled is $76. Break-even at the numbers above is $73, so “times two” leaves three dollars an hour for profit, and nothing for the 50 hours a month you can't bill: driving, quoting, supply-house runs, callbacks, paperwork. Billable hours are the variable everyone overestimates. Count them for a month.

Flat rate or time and materials

Market bands for 35 residential jobs

Job totals as published for homeowners, August 2026. Labor hours and material costs in the builder are planning estimates. The kit has them editable.

JobMarket lowMarket highSource / note

Mistakes that cost the most

Next step

Build your book in the builder. When you want it in a spreadsheet you own, with every hour and material editable, a quote tab, the printable price list and the objection scripts, that's the Electrician Pricing Kit ($49).